Bloomberg News

Verbio Running German Biofuels Plants After East Europe Pullout

December 06, 2012

Verbio Vereinigte BioEnergie AG said its domestic plants are running as normal after the German biofuels producer shelved plans to invest in Eastern Europe.

The facilities, which supply biodiesel and bioethanol to oil companies, are operating at about 80 percent of capacity, spokeswoman Isabel Rossberger said today by phone from Leipzig, Germany. Verbio will no longer proceed with plans to build production facilities in Serbia, Hungary and Germany, she said.

Verbio decided against the investment because of competition from Indonesian and Argentinian imports as well as regulatory uncertainty in the European Union, according to a statement today.

To contact the reporter on this story: Rachel Graham in London at rgraham13@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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